Question

Prepare Journal in the books of K K Co, from the following transactions:
2018
Dec. 1
Started business with a capital
6 Paid into Bank
Purchased goods for cash
9 Paid to Ram
Discount allowed by him
10 Cash Sales
12 Sold goods to Hari for Cash
15
Purchased goods from Ram
18.
Paid wages to workers
, 20 Received from Pankaj
Allowed him discount
22
Drew from Bank
25 Paid to Ram by Cheque
27 Drew for personal use
31
Paid Salary and Rent 35,000 and 7 1,100 respectively​

Answer 1

Answer:

business A/c

to capital accounts

cash account

to purchases account

discount account

to ram account

cash account

to sales account

sales account

to Hari account

purchases account

to ram account

wages account

to received account

cash account

to discount account

paid account

to ram account